Disclaimer: Return and risk statistics quoted above represent daily calculated past performance of the index. Estimated costs for replication are taken into account but may vary depending on market conditions. Products tracking the index will carry management fees not considered in the index calculation. Any investment with the objective of exceeding the available risk free rate of return will implicitly carry a degree of risk and past performance may not be indicative for future results. The index is an exclusive property of QLAB Invest.

DISCLAIMER: This document does not constitute an offer, a solicitation, an advice or a recommendation to purchase or sell
any investment products associated with the material described herein. The purpose of this document is to describe the
principles, research and ideas behind the QLAB Invest strategy indices. Prior to an investment in any product tracking a
strategy index, you should make your own appraisal of the investment risks as well as from a legal, tax and accounting
perspective, without relying exclusively on the information provided by QLAB Invest. Investment products tracking the
indices must be issued or/and marketed by a regulated company. This document is strictly for informative purpose. The
single source of the underlying asset data is Thomson Reuters Datastream and QLAB Invest cannot guarantee the
correctness of the underlying asset data and cannot be held legally responsible in this regard. Any references made to
historical performance up to the official live inception do not reflect actual live performance and can be subject to
selection, curve fitting and other statistical biases. Performance in investment products linked to the indices may be
reduced by the effect of commissions, fees or other charges in excess of those already factored into the index calculations.
The level of the indices will fluctuate due to the volatility of the underlying exposures and past performance or volatility is
not necessarily indicative of future results.